A timeline of Exxon’s oil development projects in Guyana

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With more than 30 discoveries made offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production exceeding 1.2 million barrels per day (bpd).

All projects are to be located in the Stabroek Block, in which ExxonMobil holds a 45% operating stake. Hess (30%) and CNOOC (25%) are its co-venturers.

Liza Phase 1

The Liza Destiny FPSO

Field(s): Liza

Resource: 450 million barrels of oil equivalent

Development wells: 17

First Oil: December 2019

Oil Production Capacity: 150,000 bpd

FPSO Oil Storage Capacity: 1.6 million barrels

Offloading Frequency: Every 5 – 10 days

Estimated Development Cost: US$3.6 billion

Liza Phase 2

The Liza Unity FPSO

Field(s): Liza

Resource: 600 million barrels of oil equivalent

Development wells: 33

First Oil: February 2022

Oil Production Capacity: 230,000 bpd

FPSO Oil Storage Capacity: 2 million barrels

Offloading Frequency: Every 4 days

Estimated Development Cost: US$6 billion

Payara

The Prosperity FPSO

Field(s): Payara, Pacora

Resource: 600 million barrels of oil equivalent

Development wells: 35 – 45

First Oil: 2023 (Expected)

Oil Production Capacity: 220,000 bpd

FPSO Oil Storage Capacity: 2 million barrels

Offloading Frequency: Every 4 days

Estimated Development Cost: US$9 billion

Yellowtail

The hull for the Yellowtail FPSO, to be named ONE GUYANA

Field(s): Yellowtail, Redtail

Resource: 925 million barrels of oil equivalent

Development wells: 45 – 55

First Oil: 2025 (Expected)

Oil Production Capacity: 250,000 bpd

FPSO Oil Storage Capacity: 2 million barrels

Offloading Frequency: Every 4 days

Estimated Development Cost: US$10 billion

Uaru

MODEC’s M350 – Next Generation new build hull to be utilised for the Uaru project FPSO

Field(s): Uaru, Mako, Snoek

Resource: 800 million barrels of oil

Development wells: 40 – 76

First Oil: 2026 (Expected)

Oil Production Capacity: 250,000 bpd

FPSO Oil Storage Capacity: 2 million barrels

Offloading Frequency: Every 4 days

Estimated Development Cost: US$12.7 billion

Whiptail

An SBM Offshore multi-purpose floater hull reserved by ExxonMobil for a future Guyana FPSO

Field(s): Whiptail, Pinktail, Tilapia

Resource: ~1 billion barrels of oil equivalent

Development wells: 33 – 72

First Oil: Late 2027 – Early 2028

Oil Production Capacity: 250,000 bpd

FPSO Oil Storage Capacity: 2 million barrels

Offloading Frequency: Approximately every 3-6 days

Estimated Development Cost: US$12.9 billion

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